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ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
| Issue | CUSIP | Exchange | Symbol | Ratio* | Industry | |
| AFP PROVIDA COMMON SHARES | 00709P108 | NYSE | PVD | 1: | 1 | INV |
| BANCO BHIF "G" SHARES | 05946H108 | NYSE | BB | 1: | 10 | BKS |
| BANCO DE A. EDWARDS | 059504100 | NYSE | AED | 1: | 165 | BKS |
| BANCO SANTANDER CHILE | 05965F108 | NYSE | BSB | 1: | 220 | BKS |
| BANCO SANTIAGO | 05958L105 | NYSE | SAN | 1: | 1039 | BKS |
| CHILECTRA S.A. | 168884104 | OTC | CLRAY | 1: | 4 | UTI |
| CHILQUINTA, S.A. 144A | 169255106 | 144A | CQNAY | 1: | 30 | UTI |
| COMPANIA CERVECERIAS UNIDAS S.A. | 204429104 | NAS | CCUUY | 1: | 5 | BEV |
| COMPANIA DE TELECOM. DE CHILE "A" SHARES | 204449300 | NYSE | CTC | 1: | 4 | TEL |
| CRISTALERIAS DE CHILE, S.A. | 226714103 | NYSE | CGW | 1: | 3 | OTH |
| DISTRIBUCION Y SERVICIO D & S S.A. | 254753106 | NYSE | DYS | 1: | 15 | MER |
| DISTRIBUIDORA CHILECTRA METROPOLITANA SA | 25475H105 | 144A | DCM144A | 1: | 10 | UTI |
| EMBOTELLADORA ANDINA, S.A. "A" SHARES | 29081P204 | NYSE | AKOA | 1: | 6 | BEV |
| EMBOTELLADORA ANDINA, S.A. "B" SHARES | 29081P303 | NYSE | AKOB | 1: | 6 | BEV |
| EMPRESAS TELEX-CHILE COMMON SHARES | 29245D105 | NYSE | TL | 1: | 2 | TEL |
| ENDESA-EMPRESA NACIONAL DE ELECTRICIDAD | 29244T101 | NYSE | EOC | 1: | 30 | UTI |
| ENERSIS S.A. | 29274F104 | NYSE | ENI | 1: | 50 | UTI |
| GENER S.A. | 368731105 | NYSE | CHR | 1: | 68 | UTI |
| LABORATORIO CHILE S.A. "B" SHARES | 50540H104 | NYSE | LBC | 1: | 20 | DRU |
| LAN CHILE S.A. | 501723100 | NYSE | LFL | 1: | 5 | BKS |
| MADECO COMMON SHARES | 556304103 | NYSE | MAD | 1: | 10 | STE |
| MASISA S.A. | 574799102 | NYSE | MYS | 1: | 30 | PAP |
| QUINENCO S.A. | 748718103 | NYSE | LQ | 1: | 10 | MUL |
| SANTA ISABEL | 802233106 | NYSE | ISA | 1: | 15 | MER |
| SOCIEDAD QUIMICA Y MINERA DE CHILE "B" | 833635105 | NYSE | SQM | 1: | 10 | CHM |
| SUPERMERCADOS UNIMARC COMMON SHARES | 868453101 | NYSE | UNR | 1: | 50 | FOD |
| VINA CONCHA Y TORO COMMON SHARES | 927191106 | NYSE | VCO | 1: | 50 | BEV |
| * Ratio: You'll probably notice a significant difference in price
of the stock, traded as an ADR and on its home exchange. You can easily
calculate an over- or undervaluation (and, of course, a fair valuation). All
you need is the ratio of ADR to stock, as listed in the table above, and the
exchange rate of the US-Dollar to this country's currency. The following,
generalized example explains how to calculate. On June 26, 1998, the Swiss ADR Sulzer Medica, with a ratio of 10:1, was priced USD 24 7/8. In Zurich, its home exchange, Sulzer traded at 379 Swiss Francs. The Dollar/Franc - Exchange rate was 1.526 (1 Dollar buys 1.526 Swiss Francs). Now we can calculate: Multiply the price in Dollar with the ratio (10): 24 7/8 x 10=USD 248.75. With other words, ten ADR's equal one share of Sulzer Medica and will cost you $248.75 (excluding transaction costs). Now you multiply this Dollar-amount with the exchange rate: $248.75 x 1.526=SFR 379.59. The ADR has been valued fair. The Bank of New York offers free software, which does all the calculation. |